Category: Exploration and Development

“Tajitos and Copala continue to be a major focus for near-term resource expansion at Panuco,” commented Michael Konnert, President and CEO.

“Since acquiring the Los Ricos district in March 2019, we’ve focused on moving forward with the projects in three key areas. The first area of focus has been resource definition and expansion through our drilling and exploration programs in the district. The second area of focus has been on engineering and technical reports ultimately leading towards a construction decision. The third area of focus has been on consolidation of mineral concessions within the district, expanding from the initial 29 to the current 44 concessions,” said Brad Langille, President and CEO.

Mel Herdrick, Sonoro’s VP Exploration, commented, “We continue to report good gold bearing intervals of mineralization as well as higher-grades intercepts that continue to add to potential mineralized material. Results from another 15 drill holes are still pending and we are working to determine the structural controls of the new higher-grade zones.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to partner again with Hochschild Mining as we have had a productive and positive relationship working together on several past projects. Riverside has invested in working up the project to an actionable stage and consolidated the tenures making this a highly prospective property that warrants the type of exploration spending that this agreement provides.”

Silver Tiger’s CEO, Glenn Jessome, stated, “Drill Hole 329 is very significant as it is one of the first near vertical drill holes to test the width of the disseminated high grade mineralization in the black shale as it extends away from the high grade quartz veins at El Tigre. We are continuing these vertical holes in the black shale around other major quartz veins at El Tigre to test this new previously unexplored wide high grade mineralization in the black shale horizon.”

“I am very excited to see Tahuehueto commencing pre-production activities and look forward with anticipation to our first concentrate deliveries, anticipated in several weeks, which will bring our Company its first revenue from the new, on-site Tahuehueto mineral processing facility” states Ralph Shearing, CEO.”

Taj Singh, President and CEO, states: “We continue to intercept excellent grades both within and on the margins outside of the open pit defined in our 2021 PEA. This will further increase the confidence in the resource supporting our upcoming PFS and underscores the potential to expand the PFS open pit.”

Craig Gibson, President and CEO of the Company, stated, “Work at Los Pavitos has successfully delineated areas with high gold grades in the Las Auras, Santa Cruz and Oromuri areas. To date about 75% of the main area of interest has been covered with first-pass geological mapping and sampling. Newly recognized structures that are parallel to some of the main mineralized trends have also been identified.”

Peter Hawley, President, CEO reports; “As mentioned before, the past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed.”

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “We are very pleased to see this initial drilling at San Celso and Donovan 2 intersect showing encouraging zones of alteration. The Donovan 2 drilling has returned some strong disseminated sulphide intersections, which is highly promising for the potential presence of a VMS type mineralised system.”